Shares Outstanding: 328,612,319 Trading Symbols: TSX: GGDOTCQX: GLGDF HALIFAX, NS, May 8, 2024 /CNW/ - GoGold Resources Inc. (TSX:GGD) (OTCQX:GLGDF) ("GoGold", "the Company") is pleased to announce the financial results for the quarter ending March 31, 2024.  The Company generated net income of $1.3 million and revenue of $8.9 million (all amounts are in U.S. dollars) from the sale of 374,140 silver equivalent ounces. "At Parral, we're seeing the benefits of increasing production and rising metal prices, along with the successful addition of the SART zinc circuit.  With our production anticipated to continue increasing in the coming quarters, we see it being a contributor to our strong balance sheet and ability to execute on our Los Ricos South project," said Brad Langille, President and CEO.  Highlights for the quarter ending March 31, 2024: Cash of $80.8 million USD Revenue of $8.9 million on the sale of 374,140 silver equivalent ounces at a realized price per ounce of $23.90 per oz Net income of $1.3 million Production of 375,745 silver equivalent ounces, consisting of 138,657 silver ounces, 2,184 gold ounces, and 93 copper tonnes First quarter producing a zinc precipitate, with 92 tonnes produced Adjusted cash cost per silver equivalent ounce of $17.29 Adjusted all in sustaining cost per silver equivalent ounce of $24.20 Following are tables showing summarized financial information and key performance indicators: Summarized Consolidated Financial Information Three months ended Mar 31 Six months ended Mar 31 (in thousands USD, except per share amounts) 2024 2023 2024 2023 Revenue $      8,940 $      7,607 $      15,739 $      16,085 Cost of sales, including depreciation1 6,517 13,760 12,584 22,525 Operating loss1 (123) (8,152) (1,732) (10,395) Net income (loss)1 1,268 (3,308) 1,463 (6,197) Basic net income (loss) per share